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‘Wishful thinking’: Mid-tier highlights oversight issues in government’s threshold move

‘Wishful thinking’: Mid-tier highlights oversight issues in government’s threshold move

by Shared by AccountantsDaily | Nov 29, 2018 | News

Earlier this month, Treasurer Josh Frydenberg announced that the government would be raising the financial reporting and audit requirement thresholds in a bid to save small and medium business more than $300 million over the next four years.Read the full article...
Accountants under limited licence set for ‘irrelevant’ exam

Accountants under limited licence set for ‘irrelevant’ exam

by Shared by AccountantsDaily | Nov 27, 2018 | News

Under incoming and mandatory education requirements, accountants operating under an AFSL prior to 31 December 2018 will be required to pass the examination before 1 January 2021. Read the full article at Accountants Daily.
Director who owed $200k-plus to ATO gets good behaviour bond

Director who owed $200k-plus to ATO gets good behaviour bond

by Shared by AccountantsDaily | Nov 23, 2018 | News

Queensland man Allan Ronald Saunders, initially faced court in September on 13 charges relating to phoenix activity. Read the full article at Accountants Daily.
‘Biggest structural reform’ to SME finance gets thumbs up

‘Biggest structural reform’ to SME finance gets thumbs up

by Shared by AccountantsDaily | Nov 23, 2018 | News

Last week, Treasurer Josh Frydenberg announced that the government would introduce a $2 billion Australian Business Securitisation Fund, providing significant additional funding to smaller banks and non-bank lenders to on-lend to small businesses on more competitive...
Data delays on crucial superannuation information

Data delays on crucial superannuation information

by Shared by AccountantsDaily | Nov 22, 2018 | News

In September this year, ATO deputy commissioner James O’Halloran acknowledged that one of the frustrating aspects for professionals in dealing with the transfer balance cap reporting or excess TBC determinations for clients was the difficulty in accessing information...
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